ARTICLES  

Common Reporting Standard (CRS)

In an effort to improve global tax transparency, the Cyprus government has adopted the standard of automatic exchange of information developed by the Organization for Economic Co-Operation and Development (OECD) known as Common Reporting Standard (CRS).

Starting from 1 January 2016, the Cyprus Tax Authorities require financial institutions to confirm their clients’ jurisdiction of tax residence and respective tax identification number.

Latest news

Filing of companies temporary tax return for the year 2020

It is a requirement of the Cyprus tax system that tax on a company's profits for the current tax y...…

Published: Saturday 20 June, 2020

Extension for filing of personal tax returns

It has been announced by the Commissioner of Taxation that if a person's gross income for the year 2019 exceeds €19.500 (it applies to employees, pensio...…

Published: Thursday 18 June, 2020

Extension for filing of tax returns

It has been announced by the Commissioner of Taxation that the date for filing of tax returns by companies or self-employed persons who prepare financia...…

Published: Wednesday 27 May, 2020